Category: 2012 D03 Eco

Q. Differentiate the following. Support your answer with examples. i) Government Operating Expenditure and Government Development Expenditure. (10 marks) ii) Tariffs and Quota as a tool of protectionism. (10 marks) Read More …

Q. a) Elaborate four (4) functions of money in an economy. (4 marks) b) Elaborate the different types of money. (4 marks) c) Differentiate between M1 and M2 supply of Read More …

Q. a) Differentiate the meaning of inflation and deflation. (5 marks) b) There are always gainers and losers from inflation and deflation. Discuss. Which is more damaging to the economy Read More …

Q. a) What do you understand by the term National Income? Why is it not equal to Gross National Product (GNP). (5 marks) b) Explain any one (1) approach of Read More …

Q. a) In the short-run, all production process will be subjected to the law of diminishing marginal returns. Using graph and table, illustrate this law. What are the stages of Read More …

Q. a) Decide whether the following goods have elastic or inelastic demand. Give reasons. i) Petroleum ii) Clothes iii) Jewellery iv) Low-cost house v) Toothpaste (5 marks) b) State the Read More …

Q. a) Define economic systems. What do you mean by saying that the Malaysian economy is a mixed economy. (10 marks) b) i) Explain the meaning of demand. Why is Read More …

Q. a) Discuss the characteristics of the following market structure. Support your answer with examples. i) Perfect competition (5 marks) ii) Monopolistic competition (5 marks) b) Monopoly is defined as Read More …